Tribunal held that, if the predominant object was to carry out a charitable purpose and not to earn profit, the purpose would not lose its charitable character merely because some profit arises from the activity. The Assessing Officer was directed to allow the claim of the assessee for exemption under section 11(2) ( AY.2010-11)
Shree Mohanananda Samaj Seva Samity v. ITO ( E) (2020)79 ITR 43 (SN) ( Kol) (Trib)
S. 11 : Property held for charitable purposes – Merely because some profit arising from activity — Entitle to exemption . [ S. 11(2) , 12A ]